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Will turbotax be updated for max HSA contribution $6900 for family? When I enter $6,900 I get an error saying I am $150 overfunded.

Forum|Forum|7 years ago
June 1, 2019
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The following is pasted from the IRS link https://www.irs.gov/forms-pubs/2018-hsa-contribution-limit-for-individuals-with-family-hdhp-coverage

After the 2017 Publication 969 was released, the 2018 inflation-adjusted amounts for HSAs were published in Revenue Procedure 2018-18, and subsequently in Revenue Procedure 2018-27. If you viewed or downloaded the publication, please note the following for the first "Tip" on page 5. Revenue Procedure 2018-18 (dated March 5, 2018) lowered the HSA contribution limit for individuals with family HDHP coverage to $6,850. Revenue Procedure 2018-27 (dated April 26, 2018) raised that limit back to $6,900. The limit stated in the publication is correct. For 2018, if you have family HDHP coverage, you can contribute up to $6,900. The contribution limit for self-only HDHP coverage remains at $3,450.

TurboTax Premier Windows

Best answer by dmertz

Yes, it's known that these have not yet been updated to reflect the 2018 limits. This seems to be an issue every year with HSA limits not getting updated until sometime in December. Doesn't make much sense since the limits usually are known more than a year in advance of the TurboTax release (although this year the family-coverage limit wasn't finally established until April 26, 2018 due to the effect of the Tax Cuts and Jobs Act of 2017).

D

dmertzAnswer

Employee

Yes, it's known that these have not yet been updated to reflect the 2018 limits. This seems to be an issue every year with HSA limits not getting updated until sometime in December. Doesn't make much sense since the limits usually are known more than a year in advance of the TurboTax release (although this year the family-coverage limit wasn't finally established until April 26, 2018 due to the effect of the Tax Cuts and Jobs Act of 2017).